Sr. Review Appraiser, New York, NY
As a commercial review appraiser, you will be responsible for reviewing a variety of property types (including residential, land, industrial, office, mixed use, retail shopping center, mall, hospitality, assisted living/nursing/health care, special use, etc.). The geographic focus is primarily on the East Coast, but a broad current geographic experience is preferable as projects occur throughout the US and may include some international work on occasion. You will engage 3rd party vendors to prepare appraisal reports on real property offered as collateral in connection with various loan transaction requests. You will also be responsible for reviewing and analyzing reports upon receipt for compliance with federal and state regulations including FIRREA and USPAP and reasonableness of value conclusion (including the internal modification of the external value conclusion as warranted). You will deal with moderate to complex assignments, diversified duties and the oversight coordination of related assignments are typical. Excellent judgment and independent decision making are required for moderately complex issues. A thorough knowledge of appraisal theory and experience utilizing the three approaches to market value of real estate (familiarity with valuation issues such as LIHTC, abatements and exemptions, favorable financing, varying interests) are necessary to be successful in this role. Current experience in valuing and reviewing a variety of property types is required.
Excellent judgment and independent decision making required for moderately complex issues
A thorough knowledge of appraisal theory and experience utilizing the three approaches to market value of real estate (familiarity with valuation issues such as LIHTC, abatements and exemptions, favorable financing, varying interests) is necessary to be successful in this role
Current experience in valuing and reviewing a variety of property types is required
College Degree preferred or equivalent work experience
Proven experience as a successful Commercial Real Estate Appraiser, a minimum of eight years in the appraisal industry or a minimum of five years experience as a review appraiser for a major financial institution is also desirable
MAI designation, completion of Appraisal Institute courses and achievement of all levels of appraisal experience required for the MAI designation or its equivalent
Experience with ARGUS and RIMS
PC literate with MS Word and Excel
Excellent problem solving, oral and written communication skills
Ability to be a highly motivated, productive team player
High level of dependability and intelligence
Excellent reviews and referrals from your current manager and peers
US-NY-New York-270 Park Avenue / 02317
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